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Lehman July 21
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Inside Ex–Lehman Boss Dick Fuld’s New Firm, Matrix Advisors
Jul 20, 2015 | Institutional Investor
By Jess Delaney
After Lehman Brothers Holdings collapsed in September 2008, chief executive Richard Fuld, Jr. — blamed by many for the downfall of the 158-year-old investment bank — vanished from public view. He also decided to get back to basics. In 2009, Fuld launched Matrix Advisors, which helps small companies overlooked by large investment banks with...
Client Attorney Privileged/Attorney Work Product/At Request of Counsel
Dick Fuld - Matrix Advisors
Full Text of Stories Below
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Inside Ex–Lehman Boss Dick Fuld’s New Firm, Matrix Advisors
Jul 20, 2015 | Institutional Investor
By Jess Delaney
After Lehman Brothers Holdings collapsed in September 2008, chief executive Richard Fuld, Jr. — blamed by many for the downfall of the 158-year-old investment bank — vanished from public view. He also decided to get back to basics.
In 2009, Fuld launched Matrix Advisors, which helps small companies overlooked by large investment banks with business development and access to capital markets. The firm is built on the classic merchant banking model reminiscent of Lehman’s roots in the late 1800s, says David Karlin, now managing director at Matrix, who joined the firm from New York–based Legend Securities in 2011. “If you’ve got a company that’s gone through A to G,” Karlin tells Institutional Investor, “we try to get them through the rest of the alphabet as quickly as possible.”
At its midtown Manhattan office on Park Avenue, Matrix has doubled its team to 12 employees over the past two years to keep up with growing deal flow and ensure that it has enough staff to continue monitoring and working with each of its portfolio companies.
The firm advises clients on a range of matters, from opening product distribution channels to completing mergers and acquisitions and sourcing private equity and venture capital funding. “What I like about Matrix is it’s not about a transaction,” Karlin says. “It’s about building businesses and creating jobs.” Clients come from a range of sectors, including construction, mining, software, alternative energy and financial services.
After Lehman Brothers Holdings collapsed in September 2008, chief executive Richard Fuld, Jr. — blamed by many for the downfall of the 158-year-old investment bank — vanished from public view. He also decided to get back to basics.
In 2009, Fuld launched Matrix Advisors, which helps small companies overlooked by large investment banks with business development and access to capital markets. The firm is built on the classic merchant banking model reminiscent of Lehman’s roots in the late 1800s, says David Karlin, now managing director at Matrix, who joined the firm from New York–based Legend Securities in 2011. “If you’ve got a company that’s gone through A to G,” Karlin tells Institutional Investor, “we try to get them through the rest of the alphabet as quickly as possible.”
At its midtown Manhattan office on Park Avenue, Matrix has doubled its team to 12 employees over the past two years to keep up with growing deal flow and ensure that it has enough staff to continue monitoring and working with each of its portfolio companies.
The firm advises clients on a range of matters, from opening product distribution channels to completing mergers and acquisitions and sourcing private equity and venture capital funding. “What I like about Matrix is it’s not about a transaction,” Karlin says. “It’s about building businesses and creating jobs.” Clients come from a range of sectors, including construction, mining, software, alternative energy and financial services...
For full story:
http://www.institutionalinvestor.com/article/3470974/banking-and-capital-markets-banking/inside-exlehman-boss-dick-fulds-new-firm-matrix-advisors.html#.Va3tLGOlZpU
Client Attorney Privileged/Attorney Work Product/At Request of Counsel
Dick Fuld - Matrix Advisors
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